ABM Industries Incorporated (NYSE:ABM) Given Consensus Recommendation of “Hold” by Brokerages

ABM Industries Incorporated (NYSE:ABM) has been assigned an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $46.25.

Several equities research analysts have issued reports on the stock. Maxim Group raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, March 11th. Robert W. Baird decreased their price target on shares of ABM Industries from $52.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, January 21st. UBS Group dropped their price objective on ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Finally, Wall Street Zen downgraded ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th.

ABM Industries Stock Down 0.3%

NYSE:ABM opened at $38.17 on Wednesday. ABM Industries has a twelve month low of $38.15 and a twelve month high of $52.94. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 15.03 and a beta of 0.73. The stock has a fifty day simple moving average of $44.38 and a 200-day simple moving average of $44.42. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.93.

ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Tuesday, March 10th. The business services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.19 billion. ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Analysts anticipate that ABM Industries will post 3.71 EPS for the current year.

ABM Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.0%. ABM Industries’s dividend payout ratio is presently 45.67%.

Insider Activity at ABM Industries

In other news, COO Rene Jacobsen sold 31,034 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $44.12, for a total transaction of $1,369,220.08. Following the transaction, the chief operating officer owned 51,714 shares in the company, valued at approximately $2,281,621.68. This trade represents a 37.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC increased its position in ABM Industries by 96.7% during the 4th quarter. Corient Private Wealth LLC now owns 13,053 shares of the business services provider’s stock valued at $552,000 after purchasing an additional 6,416 shares during the period. Hsbc Holdings PLC lifted its position in shares of ABM Industries by 192.1% in the 4th quarter. Hsbc Holdings PLC now owns 42,034 shares of the business services provider’s stock worth $1,785,000 after purchasing an additional 27,643 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of ABM Industries by 21.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,988 shares of the business services provider’s stock worth $380,000 after purchasing an additional 1,600 shares during the period. XTX Topco Ltd boosted its stake in shares of ABM Industries by 695.2% during the fourth quarter. XTX Topco Ltd now owns 47,794 shares of the business services provider’s stock valued at $2,022,000 after purchasing an additional 41,784 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in ABM Industries during the fourth quarter valued at approximately $3,195,000. 91.62% of the stock is currently owned by institutional investors.

About ABM Industries

ABM Industries Incorporated is a leading provider of integrated facility services, offering a comprehensive suite of solutions designed to support the operation, maintenance and enhancement of commercial properties. The company’s core services include janitorial and custodial maintenance, HVAC and mechanical systems support, electrical and lighting solutions, and energy optimization. Additional offerings span parking management, security services, landscaping, and specialized support such as technical solutions and sustainability consulting.

Serving a diverse range of markets, ABM caters to clients in commercial real estate, aviation, healthcare, manufacturing, education, government entities, and technology campuses.